#Technology
Jokowi and Scholz forge ahead with a joint committee on investment, digitization, and IEU-CEPA
President Joko Widodo and German Chancellor Olaf Scholz met in Germany to agree on Government to Government (G2G) cooperation regarding the Joint Declaration of Intent on Joint Economic and Investment Committee.
Fake QRIS code, new threats to digital banking ecosystem
The recent case of fake QRIS codes installed in charity boxes presents a major hurdle amid Bank Indonesia’s efforts to develop a digital, tech-based payment system.
Digital banks profits signal potential for digital banking sector growth
Profits booked by major Indonesian digital banks indicates that digital banks are still capable of funding itself internally. Bank Jago Tbk PT, PT Bank Neo Commerce, and Allo Bank Indonesia Tbk PT. have all recorded profits in Q4 of 2022.
Seabank Indonesia books IDR 59 billion profit as Indonesia digital banking sector continues to grow
Digital banking provider PT Seabank Indonesia, which is a subsidiary of Sea Ltd., had just released its financial performance report for 2022. The report noted that the bank successfully booked a profit of IDR 59.5 billion for Q4 2022.SeaBank also recorded a net profit of IDR 269.2 billion for Fiscal Year 2022, which is equal to 186% compares to its IDR 313.4 billion loss in 2021.
Sinar Mas Group invests in 01Fintech to boost its fintech sector
Indonesian conglomerate Sinar Mas is expanding its private equity business through an investment in Southeast Asia-focused private equity firm 01Fintech.
Indosat expands business to provide added value and generate more revenue
One of the largest companies in Indonesia's telecommunications sector, PT Indosat Tbk (ISAT), is aiming at expanding its business practices in an effort to support the company's core services. The company is currently attempting to penetrate the electrical, construction, digital technology equipment rental, and office machine sectors to provide added value to its data center business.
MBMA plans IPO worth IDR 8.75 billion to fund nickel processing projects
PT Merdeka Battery Materials Tbk (MBMA), a nickel mining company, recently initiated its initial public offering (IPO).
Exploring trends and challenges in Indonesia's startup industry: Focus on green tech, embedded finance, and health tech for 2023
Early 2022 marks a rough beginning for startups. A number of major events became important highlights within the startup industry.
Sinar Mas Land, KUMPUL.ID support startups in finding investors through DNA Demoweek
Real estate development company Sinar Mas Land (SML) and entrepreneur ecosystem builder KUMPUL.ID held the Digital Hub Next Action (DNA) Demoweek to support startups in finding angel investors, venture capitalists, and investors.
Mitratel to continue acquiring towers through IDR 7 trillion Capex
Telecommunication firm PT Dayamitra Telekomunikasi Tbk (MTEL) has allocated IDR 7 trillion (US$ 452.4 million) Capital expenditure (Capex) in 2023 to acquire telecommunication towers.
Broom receives IDR 122 billion funding in 2023
Auto financing startup Broom received an 'A' series investment injection worth IDR 122 billion (US$ 7.9 million) from Singapore-based venture capital company Openspace Ventures for its digitalization process.
Government to subsidize electric motorcycles to boost conversion of new energy
Starting on March 20, 2023, the government will provide subsidies for battery electric vehicles (BEVs), particularly electric motorcycles, to help spur the new energy automotive industry development. The subsidy is the government's first step to allowing price affordability and people's purchasing power to buy BEVs.